Global Polyphenylene Sulfide Market Set for a Positive Growth Forecast at CAGR of 7.75% till 2023

Bharat Book Bureau Provides the Trending Market Research Report on Global Polyphenylene Sulfide Market, Forecast to 2023 under Industry & Mfg category. The report provides information on industry overview, market size, latest developments, industry trends, Key Industry Players, global presence, and their future prospects.

Global polyphenylene sulfide (PPS) market is expected to grow at a CAGR of 7.75% over the forecast period 2018-2023 to reach a market size of US$1.435 billion by 2023 from a market size of US$0.917 billion in 2017. Rapid urbanization and industrialization require setting up of more power plants, thereby driving the demand for PPS due to the application in filter bags. Growing demand for consumer electronics across the globe is further fuelling the demand for PPS since it is used for the manufacturing of electrical components and appliances owing to its properties such as high-temperature compatibility and flame resistance. Booming global automotive industry, especially in emerging economies such as Brazil, China, India, and Malaysia, will propel the growth of global Polyphenylene Sulfide (PPS) market in the next five years.

North America will witness a significant growth of Polyphenylene Sulfide (PPS) market due to matured automotive markets in the region along with the expanding aerospace sector. Europe will experience stagnant growth as there are a large number of coal and thermal power plants owing to stringent environmental regulations in the region. Asia Pacific will witness the fastest regional market growth especially in the demand for PPS filter bags, due to growing demand for power consumption and setting up of more coal and thermal power plants in the region. The global Polyphenylene Sulfide (PPS) market growth will be restrained by the high price of the product during the forecast period.

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Research Methodology

The first section of the report deals with detailed research methodology for calculating market size and forecasts, secondary data sources used and the primary inputs which were taken for data validation. This section also outlines various segments which have been covered as part of the report.

Market Dynamics

Next section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities which exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations which are determining the market growth and a brief technological aspect of Polyphenylene Sulfide (PPS). Complete industry analysis has also been covered by Porter’s five forces model as a part of this report section.

Segmentation

Polyphenylene sulfide (PPS) market has been segmented by product type, industry vertical, and geography as follows:

By Product Type
PPS Compounds
PPS Films
PPS Filaments
PPS Coatings

By Industry Vertical
Consumer Electronics
Automotive
Aerospace
Manufacturing
Others

By Geography
Americas
North America
South America
Europe Middle East and Africa
Europe
Middle East and Africa
Asia Pacific

Market Players

Finally, competitive intelligence section deals with major players in the market, their market shares, growth strategies, products, financials, and recent investments among others. Key industry players profiled as part of this report are Tosoh Corp., Solvay, Kotec Corporation, Kureha Corporation, Celanese Corporation, DIC Corporation, and Teijin Limited among others.

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